On 17 June 2011, the Common Market Council of Mercosur (Consejo Mercado Común del Mercosur) adopted Resolution No. 04/10 increasing import tariffs on medicaments and chemicals as shown below:

Import tariff increase on tariff line 2922.50.31 from 2 to 14 per cent.Import tariff increase on tariff line 3003.90.45 from 8 to 14 per cent.Import tariff increase on tariff line 3004.90.35 from 8 to 14 per cent.